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2 Jiao - Guangxu Pei Yang Arsenal, type 2

Issuer Pei Yang Arsenal Mint
Year 1897-1898
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Composition Silver (.820)
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Obverse description Central field bears two large Chinese ideograms flanked by Manchu script legend arranged in a circular band, with additional Chinese characters forming an outer legend around the periphery. The inscriptions collectively identify the issuing authority as the Bei Yang Arsenal and record the regnal year of the Guangxu Emperor. The design is entirely typographic, with no figurative motif, relying on the formal arrangement of the bilingual legends in Chinese and Manchu to convey dynastic authority.
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Reverse script Latin
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The Pei Yang (Beiyang) Arsenal Mint operated under Li Hongzhang's northern military-industrial complex at Tianjin, producing provincial silver partly to fund the Self-Strengthening Movement's modernization agenda after the humiliations of the Sino-Japanese War of 1894–95. This second type variant is distinguished from the first by subtle die differences in the arrangement of the Chinese characters — a distinction that went unnoticed in general commerce but matters considerably to collectors working the Y#63 series.

Production was short-lived. The mint's silver coinage program was curtailed as centralization efforts under the Qing Board of Revenue shifted authority away from provincial and military mints toward the end of the decade.

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